Topic: Silverback (Read 7707 times)

Being conscious not to seem as if I am preaching from some sort of Ivory tower, I try to avoid making blanket statements about my views of the Crypto sphere. Things come up and within the delicate space that we are in it is difficult to have a constructive debate about their significance or effect without causing non thoughtful comments.

With this in mind I would like to suggest listening to the entire sound bite HERE.

If you have read more than one or two of my posts, you will know that I have mentioned OpenTransactions. I have been following their development for more than a year now, so not from the beginning.

Opentransactions is my inspiration for starting and launching the Cryptos I have.

Using the word corporate within crypto terms is close to sacrilege, but being able to pass things from generation to generation requires an understanding that know two Parts of any economy can ever be controlled by one entity. Each and every one involved needs to be accountable.

This is why I have chosen first generation protocols to create a second generation experience, this cannot be achieved with a single crypto with its own trading platform and reliant coloured coins.

An Ideal would be the following
1.   Exchanges that serve as gateways to notaries( Cryptos have built in stability measures)
2.   Notaries or federated servers will hold and stand surety for individual servers
3.   Anyone with an amount of Diamondback/Silverback will be able to place that with the Notaries and set up shop (private servers) to trade within those limits.
 
  Within the discussion it is safe to say that I am more in tune with the first part than the second, but have one or two differences, as with the second part where I agree on one or two.

Opentransactions Blog

At Present I am busy building this site rhinoscantjump.com, I am using wordpress to set up a basic forum. but would like some input or if anyone feels it lacks anything, let me know. It is not anywhere near done but its there to check out

An exchange thread has been started here

This is good start, good idea.
And also this will stop dropping of price, since ( at least 90%) wont to get some money and leave this coin(s).
And since we can make some profit, at least for pay electricity  coins will be mined, price will start to rise, and so on...

Perhaps the following will be acceptable.

I have the most too loose if there are any discrepancies in trades that may go wrong. So I will start a thread on the marketing section of Altcoins.

You can pm me and let me know what and how much you would like to trade. Or you can post it on the thread.

If through pm an agreement is reached on a trade, the interested parties’ pm me.

The seller sends me the Diamond or Silverbacks. I then confirm to the Purchaser that I have received agreed amount

The purchaser sends me his payment crypto of choice, I would say the crypto with a web wallet would be best.

If it is not above 20 Diamondback or 20 000 Silverback I will guarantee the sale to the purchaser. If I need to leave that amount in escrow somewhere that is fine.

Its straight forward escrow, but escrow services won’t work without Block explorer. The amount I leave in escrow as guarantee, should be easy to do without need for explorer.

Thoughts?

Silverback and Diamondbacks form the backbone of the outback, they are the go between Existing Altcoins and ideally will be available on multiple exchanges. They should be what people see as investing in the economy.

Regardless my point and strategy is not like yours, I must tell you: that I admire and respect your work, your coins and your idea. Maybe sometimes my "english" is brisk and angry but in  root of whole thing nothing is not written in bad manner.

Hi pepi

Sometimes I think I should have gone with x11, I had all the coins compiled and ready, and there are a lot more block explorer sites to choose from. But I am still confident that cryptonote was the better choice, despite the recent attack. Things are moving slower than I anticipated. I don't mean to correct you, I can only assume you mean that the blockexplorer was up quicker with the other cryptonote coins, that is correct. Chainrader has said that they are working on adding Silverback and the others, unfortunately I am not getting a response from Minergate other than that they have given my request to the devs.

Even if I was to create a thread in the market place section of this forum, we would still need to have a Block explorer. I will pm again and get back to you.

On other cryptonote coins, blockchain was made and implemented in very short period of time. So that will not be such a barrier.
Then with that, last component, you can get market online...

To be a truly independent crypto economy is the main ambition and what separates the cryptos on what for now is known as the Outback. To create and build a base to build on that will not follow the same route as before requires a new outlook.

For the past week or so I have been working on creating a marketplace that is unique. It requires a departure from what has become the norm and therefore I need to have all the pieces on place.

I have been exploring the idea of having time zone trading floors(exchanges). What does that mean?

With current technology, it would seem logical to have a single exchange that is automated and online 24/7, I believe having trading floors that open and close have many advantages.

Firstly, every floor is cleared at the end of trading, meaning that nobody can store or leave their cryptos in storage.
Secondally, managing and executing withdrawals and deposits. This can be done in a more hands on way and issues can be dealt with in near real time.

Both of the above can also serve as an added layer of security. The Outback will not have closed doors to Established cryptos or fiat, as well as Nxt. The Trading floors will also need to fill the function of gateways.

As in the real world, There will be an opening time and a closing time, and there will be a slight overlap.

There will have to be a heavy vetting processes, to get 3 or 4 safe trading floors, but will start with one and expand from there. 
 
This week there was some positive news regarding a block explorer, And once I have ironed the finer details I will post a more detailed roadmap for making this possible.

A GUI interface is in the works, I am spending my spare time on it, Long term plan is to have a Muti-crypto GUI that will alow users to store their Silver and Diamonds, as well as have There Currency of choice, This is very possible and can be implemented Quicker when using one particular Platform

Yes,you'r right.I hope the followers can make some improvement,even it is a small one,such as BBR's gui interface.

There is more than one way to be innovative, innovation is not limited to technical breakthroughs. That sort of outlook is very closed minded and limiting, The route chosen here is to grow from the ground up. Not personal, but a departure.

 

I mean outback coins are all copy & paste shits,without any innovation.

To more correctly answer your question, it would be right to say Silverback is not needed, in Isolation, but is defiantly needed within the the collective of cryptos that is the Outback. If there was 100+ K/h and up mining Diamondback then Then Silverback will become more interesting

Diamondback is specifically hard to mine, the point of Silverback is that it is easier. And once you have enough you can cash it or Get some Diamond.
In real life a gram of silver is less than a dollar, Diamonds are far more expensive

I knew Siverback from extreme pool,at first ,I thought it's a new coin.when I came here,I didn't see anything special about silverback.
@Dev,any explaination?Why we need this coin?

I have re banded and edited, the cryptos Dosh, Diamondback and Silverback are now cryptos on the Outback..

I have also started a Giveaway for Redback (previously Greenback)

Cant believe, you the first to download linux.  Thanks for the heads up. HERE

I can't find the Linux binaries at the link on the OP 

there is no error. what about that don't you understand?
the orphans are due to the low hash rate vs other miners.
when I put my 15khs on it it works fine.